Mustang Minerals Corp, (TSX VENTURE:MUM)(FRANKFURT:NJF) ("Mustang" or the
"Company") Mustang Minerals today announced that it is resuming drilling at its
Mayville Property. The planned drill program is for a minimum of 2,000 meters.
The purpose of the drilling is to complete resource definition for the purposes
of completing a new updated resource estimate for the Mayville M2 Copper-Nickel
Deposit. 


The drilling completed at M2 deposit in the first part of 2012 encountered broad
zones of copper-nickel-pgm mineralization beneath previously drilled holes.
Narrow intercepts of semi-massive to massive copper-nickel-pgm mineralization
were also encountered. Down-hole borehole geophysics has defined several EM
targets warranting additional drilling in the immediate vicinity of the previous
holes. These EM targets will be tested as part of the upcoming program. 


A long section showing the approximate location of the upcoming holes has been
posted on the Mustang website at www.mustangminerals.com.


The Company has scheduled a NI 43-101 resource estimation update following
completion of the drilling. 


"The completion of resource drilling at Mayville will be an important next step
in development of our property tenements in the Bird River Sill area of
southeast Manitoba", said Robin Dunbar President and CEO of Mustang. "The
Mayville Gabbro Complex is a strongly mineralized magmatic copper-nickel-pgm
system located in an area of excellent infrastructure. Quantifying the near
surface resource potential at Mayville will be an important next step for
Mustang." 


Mayville is located 35 km by road from the Company's Makwa Nickel Deposit.
Currently, the outlined mineralization at the two properties is detailed below. 




1.  The Makwa Ni-Cu Deposit has a NI 43-101 outlined reserve estimate
    completed in February 2010 by Micon International Limited of 9.86
    million tonnes in the Probable Ore Reserve category containing 0.541%
    nickel, 0.113% copper 0.433 g/t PGM at the Makwa Project.  
2.  The Company's Mayville Project is located approximately 35 km by road
    from Makwa and has a present NI 43-101 Indicated Resource of 9.227
    million tonnes containing 0.61% copper, 0.23% nickel and 0.174 g/t
    palladium.  



Carey Galeschuk P.Geo. is the National Instrument 43-101 Qualified Person for
Mustang Minerals Corp. 


Western Areas NL, (ASX:WSA) an Australian based nickel producer owns 19% of the
common shares of Mustang. 


To find out more about Mustang Minerals Corp. (TSX VENTURE:MUM) visit our
website at www.mustangminerals.com.


We seek safe harbour. 

This news release contains forward-looking statements within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
forward-looking information within the meaning of the Securities Act (Ontario)
(together, "forward-looking statements"). Such forward-looking statements may
include the Company's plans for its mineral projects in Manitoba, the overall
economic potential of its properties, the availability of adequate financing and
involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements expressed or implied by such
forward-looking statements to be materially different. Such factors include,
among others, risks and uncertainties relating to potential political risk,
uncertainty of production and capital costs estimates and the potential for
unexpected costs and expenses, physical risks inherent in mining operations,
currency fluctuations, fluctuations in the price of nickel and other metals,
completion of economic evaluations, changes in project parameters as plans
continue to be refined, the inability or failure to obtain adequate financing on
a timely basis, and other risks and uncertainties, including those described in
the Company's Management Discussion and Analysis for the most recent financial
period and Material Change Reports filed with the Canadian Securities
Administrators and available at www.sedar.com.


Shares Outstanding: 198,160,658
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